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wariber [46]
3 years ago
11

During March, the production department of a process manufacturing system completed a number of units of a product and transferr

ed them to finished goods. Of the units transferred, 25,000 were in process at the beginning of March and 110,000 were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to labor. Compute the number of equivalent units with respect to both materials and direct labor respectively for March using the weighted-average method.
Business
1 answer:
ANEK [815]3 years ago
8 0

Answer:

Direct Materials EU = 165,000

Direct Labour EU = 144,000

Explanation:

Equivalent Units (Weighted Average Method) =  Beginning Goods In process + Units Completed + Ending Goods x % of completion

Direct Materials:  25,000 + 110,000 + 30,000 x 100% = 165,000

Direct Labor: 25,000 + 110,000 + 30,000 x 30% = 144,000

Remember: In the weighted average cost system the units in process at the beginning are count as a full equivalent unit of production.

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Answer: Fundamental attributional error.

Explanation:

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3 years ago
Marketing strategy involves the activities of selecting and describing one or more target markets and developing and maintaining
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Answer:

The statement is true

Explanation:

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So, the statement is true as it is stating that the strategies involve selecting activities and define 1 or more target markets. Also maintain and develop the marketing mix.

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3 years ago
Setterstrom Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1
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Answer:

Following are the journal entries for Setterstrom Company;

<u>May 01</u>

Debit: Petty cash  = $100.00

Credit: Cash = $100.00

<u>Jun 01 </u>

Debit: Delivery Expense  = $31.25

Debit: Postage Expense  = $39.00

Debit: Miscellaneous Expense  = $25.00

Debit: Cash over/short (Balance amount)  = $3.00

Credit: Petty Cash ($100 - $1.75)  = $98.25

<u>Jul 01</u>

Debit: Delivery expense  = $21.00

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Debit: Miscellaneous expense = $24.75

Credit: Petty Cash ($100 - $3.25) =  $96.75

<u>Jul 10 </u>

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3 years ago
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To predict future sales based on patterns of historical data. Party Supply is using <u>Analytics</u>

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<h3>What is the best definition of analytics?</h3>

The scientific method of converting data into insights for the benefit of better decision-making is known as analytics, according to INFORMS. Analytics is a methodology that is always action-oriented.

The usage of operations, programming, and statistics are all mentioned. It also has to deal with the investigation of information that has been transformed from raw data into insight 1. The main board can make more informed choices thanks to this procedure. In fields where data collection is excessive, it is particularly helpful.

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7 0
1 year ago
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KatRina [158]

Answer:

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3 years ago
Read 2 more answers
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